1

Question 46 2.33 pts Use the following table to answer the following question. Market for Public Transportation Price Quantity Demanded Quantity Supplied $0.75 100,000 65,000 $1 .00 92,000 80,000 $1 .25 86,000 86,000 $1.50 80,000 100,000 $1.75 75,000 115,000 $2.00 68,000 1 16,000 There will be when the price oor is $1.75 in the market for public transportation. 0 a surplus of 40,000 units 0 a shortage of 40,000 units 0 neither a shortage nor a surplus. \\_ \\ a surplus of 11,000 units / j a shortage of 11,000 units { -2 Course Hero the following questions. Screen Shot Screen Shot Gibbs 20answer%20c... A Paused 2020-0...19.34.44 2020-0...t 19.05.31 Wooden Boats Disney+ | Stream... (sr) Track & Trace Screen Shot 2020-05-10 at 19.49.33 Q Q Search 3 Which statement best describes absolute advantage? DiNozzo has an absolute advantage in the production of wooden boats. 30 Crimes Solved Gibbs has an absolute advantage in solving crimes, whereas Dinozzo has an absolute advantage in making wooden boats. DiNozzo Gibbs has an absolute advantage in both. Wooden Boats Gibbs has an absolute advantage in making wooden boats, whereas DiNozzo has an absolute advantage in solving crimes. DiNozzo has an absolute advantage in both. Screen Shot 2020-0...19.49.33 20 Crimes SolvedQuestion 47 2.33 pts Consider the graph below, which represents a monopolistically competitive firm. ATC V 2 140 MR 200 Quantity Suppose the graph at left depicts a monopolistically competitive firm. The profit maximizing level of output (Q*) is . and the firm will earn Profit = 140; $280 100; - $200 200; - $200 200; $200 100; - $500